By RUKAYAT ADEYEMI

The Federal Mortgage Bank of Nigeria (FMBN) has denied reports circulated by Housing Exchange Africa (HXAfrica) on a purported N40 million mortgage pre-financing scheme, which referred to FMBN as a partner.

Mrs Virginia Jang, Group Head, Corporate Communications, FMBN, said this in an official disclaimer by the mortgage bank on Saturday.

Jang explained that, although HXAfrica applied for some engagement with the bank, it has not been granted any approvals, nor has the bank entered into any formal arrangement with it.

She said: “Although, HXAfrica applied for some engagement with the bank, it has not been granted any approvals, nor has the bank entered into any formal arrangement with it.

“FMBN and NIDCOM remain committed to the roll-out of the Diaspora Mortgage Scheme after obtaining the necessary regulatory approvals.

“We will endeavour to provide official information and updates on our respective websites and social media handles to avoid the general public being misled.”

According to her, NIDCOM has issued a similar disclaimer on the purported HXAfrica mortgage pre-financing scheme, hence, the general public should note accordingly. (NAN)